SINGAPORE NEWSPAPER HIGHLIGHTS - JULY 1, 2008.

SINGAPORE, January 1 Asia Pulse - Highlights of today's newspapers:

BUSINESS TIMES:

- It is a sea of red as a slate of listed companies took a battering from the volatile market and chalked up falls in market value as the year hits half-time.

- Just after launching a floating production storage and offloading (FPSO) vessel for Aker Floating Production on Sunday, Sembcorp Marine unit Jurong Shipyard has clinched another contract to build a deepwater semi-submersible drilling rig for $640 million from Larsen Oil and Gas.

- Ascendas Real Estate Investment Trust (A-Reit) is looking to invest some $500 million in industrial properties and business space each year to reach its target portfolio size of billion by the end of 2010.

- Inter-Roller Engineering has taken the Dublin Airport Authority to court in Ireland over its decision to award a 40 million euro (S$85.7 million) baggage handling contract to Siemens, according to a report in Irish media that was confirmed by the company yesterday.

- Moderating container ship outlook, but secured revenue growth: Global container ship delivery until 2010 should exceed the average 10 per cent y-o-y global container trade growth.